Amazing Butterfly! A little overspill over stop loss, however, the true high works as ultimate make-or-break price level. About TP1 and TP2: if they are evaluated from the true high we have the size of the butterfly from A to the true high is equal to 120.25 points TP1 = 0.382*120.25 = 46 points @ 2625.75 TP2 = 0.618*120.25 = 74 points @2597.75 These levels are somewhat higher than those calculated if the size of the pattern is from point A to point D. Should one take D point or the true high to evaluate TP1 and TP2?
Amazing Butterfly! A little overspill over stop loss, however, the true high works as ultimate make-or-break price level. About TP1 and TP2: if they are evaluated from the true high we have the size of the butterfly from A to the true high is equal to 120.25 points TP1 = 0.382*120.25 = 46 points @ 2625.75 TP2 = 0.618*120.25 = 74 points @2597.75 These levels are somewhat higher than those calculated if the size of the pattern is from point A to point D. Should one take D point or the true high to evaluate TP1 and TP2?